Speed Reads

Pot politics

Colorado taxpayers get a rebate thanks to pot taxes

Colorado's Gov. John Hickenlooper has revealed that the state's next budget will include a $30.5 million rebate thanks to the extra income brought in by taxes on the sale of now-legal marijuana. This extra cash is available even after adding an expenditure of $33.6 million to the budget for regulation of the new marijuana industry. Colorado's legislature will determine exactly how the refund is distributed.

Since recreational marijuana became legal in Colorado in January of this year, the state has also seen crime rates drop while pot use rates remained about the same.